This past week featured some of the most unique and interesting FX and CFD industry news stories of the year – including one of the largest liquidity events ever for a controlling shareholder of a broker, and the settlement of one of the longest running legal disputes between brokers. Plus, quite a number of comings and goings among senior industry executives.

And, as usual, all the top stories appeared first or exclusively here at FNG!

Some of the most read and commented-on FX industry news stories to appear over the past seven days on FNG included:

Exclusive: XTB controlling shareholder cashing in $66M in shares. FNG Exclusive… FNG has learned via regulatory filings made in Poland that XX ZW Investment Group S.A., the company which holds controlling ownership of Retail FX and CFDs broker XTB, plans to sell some of its holdings in XTB in the coming days. XX ZW Investment Group, which is under the direction of XTB co-founder Jakub Zablocki, has filed plans to sell 7 million shares of XTB (WSE:XTB), which constitutes 5.96% of the shares of the company. At the current share price of zł38.90, the share sale will total zł272.3 million, or USD $65.8 million.

Exclusive: iS Prime and ThinkMarkets settle longstanding lawsuit on day before trial. FNG Exclusive… FNG has learned that one of the longest running (and interesting) legal disputes in the FX trading sector has come to a close – and on the day before the dispute was set to go to trial in the UK. Prime-of-Prime broker iS Prime and Retail FX brokerage firm ThinkMarkets (via its UK arm TF Global Markets UK Limited) have settled a lawsuit stemming from the 2017 sale of ThinkMarkets’ B2B arm ThinkLiquidity to iS Prime parent company ISAM. The acquired ThinkLiquidity business formed the basis for ISAM’s current unit iS Risk (formerly known as IS Risk Analytics).

Plus500 looks at US share listing to boost valuation. UK news source The Times is reporting that management at Israel based, London Stock Exchange listed Retail FX and CFDs broker Plus500 (LON:PLUS) is looking at listing the company’s shares in the US, as an alternative to its current LSE listing. Apparently Plus500 management have become frustrated with the company’s valuation, with investors treating it in the UK like a slow-growth financial concern as opposed to a fintech company.

Tickmill launches new Dubai office under DFSA Regulation. Leading online trading firm Tickmill has announced that it has recently opened its newest office, located in the Emirates Financial Towers. The Dubai office operates under the DFSA regulation and will be managed by Joseph Dahrieh, who will act as managing principal.

Top FX industry executive moves reported at FNG this week included:

❑ Exclusive: Maria Meramveliotaki joins Zenfinex as Global Marketing Manager.

❑ Exclusive: Admirals hires Pepperstone exec Matteo Paganini as EU Rev Officer.

❑ Exclusive: Trading 212 Chief Compliance Officer Darren Dale resigns.

❑ Vantage hires Tal Dar as VP Institutional Sales.

❑ XS.com hires ICM.com exec Wael Hammad as CCO.

❑ Exclusive: OvalX exec Daniel Gladding joins eToro UK as Chief Risk Officer.

❑ Exclusive: Former ETX exec Nandik Barbhaiya named CMO of The Portfolio Platform.